RATE Group | Global cryptocurrency regulation is turning bearish in these five countries
79867
post-template-default,single,single-post,postid-79867,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Global cryptocurrency regulation is turning bearish in these five countries

18 Feb Global cryptocurrency regulation is turning bearish in these five countries

Posted at 01:55h in Cryptocurrency News by

[ad_1]

As the cryptocurrency markets are in freefall, global cryptocurrency regulation appears to be turning bearish as well. While one SEC Commissioner proposes a “safe harbor” for cryptocurrency projects, the US Secretary of the Treasury announces “significant” new regulation. So, what gives?

Top five countries promising stricter cryptocurrency regulation

1. Brazil

The cryptocurrency scene in Brazil has taken several hits lately. Once thriving and “crypto-friendly”, the South American country’s IRS imposed stricter cryptocurrency regulation in August 2019.

According to the Brazilian crypto news site, Porto do Bitcoin, from that date, all exchanges have had to report all transactions monthly to the Federal Revenue Service — no matter the amount. They have also been subject to greater compliance burdens.

Brazilian cryptocurrency exchanges have been struggling to meet the criteria. But this month saw Access Bitcoin exchange closing its doors while another, Latoex, is reportedly…

[ad_2]

Source link

Tags:
, , , , ,